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WET Tax Implementation in the CRM

Last updated 01/02/2021

Overview and how to implement The Wine Equalization Tax (WET) Australia-based tax on wine.

Overview 


The Wine Equalisation Tax (WET) is a value-based tax paid on certain dealings with wine sold in Australia. If you make wine, import wine into Australia or sell it by wholesale, you'll generally have to account for WET.

  • WET is a tax of 29% of the wholesale value of wine.
  • Payable if you are registered or required to be registered for GST.
  • Usually between the wholesaler and retailer.

Original article on Product Knowledge base

Setting up the CRM 

Follow the steps below to create a drop-down list that allows you to assign WET to a customer.

 

  1. Go to CRM Settings. > Set CRM Version to Version 1.


  2. Go to Map Fields in CRM Settings, click Add Map > Enter the following entry if it does not exist already.

    WetTax Members_102

     

  3. Go to Templates in CRM Settings. > Add the below HTML into Edit Template between Tax Status and Tax Number.

    <tr>
      <td>WET Tax:</td>
      <td>
        <asp:dropdownlist id="WETTaxDropDownList" runat="server" bindfield="wettax" TabIndex="2">
          <asp:ListItem Value=""></asp:ListItem>
          <asp:ListItem Value="Retail">WET on Retail</asp:ListItem>
          <asp:ListItem Value="Wholesale">WET on Wholesale</asp:ListItem>
        </asp:dropdownlist>
      </td>
    </tr>

 

Using WET in the CRM

  1. In CRM, choose a supplier or customer. > Click on WET Tax drop-down list. > Choose an option you wish to use.